Real estate developer St Joe Q3 net income surges on higher homesite prices

St Joe Co

29/10/2025 21:02

Overview

St Joe Q3 net income rises 130% yr/yr to $38.7 mln

Company Q3 revenue grows 63% yr/yr to $161.1 mln

Real estate revenue jumps 199% in Q3, driven by higher homesite prices

Outlook

Company did not provide specific future financial guidance in its press release

Result Drivers

REAL ESTATE GROWTH - Real estate revenue surged 199% due to higher homesite prices and increased gross margins

WATERCREST SALE - Sale of Watercrest senior living community contributed $19.4 mln in gross profit

HOSPITALITY AND LEASING RECORDS - Hospitality revenue increased by 9% to a record $60.6 mln; leasing revenue rose 7% to a record $16.7 mln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Real Estate Revenue
$83.80 mln
Q3 Net Income
$40.20 mln


Press Release: ID:nBw8tMSH9a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)